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Books by Grigory Yavlinsky
NIZHNI NOVGOROD PROLOGUE
Economics and Politics in Russia
The Center for Economic and Political Research (EPIcenter)
Nizhni Novgorod-Moscow, 1992
 
SECTION TWO
NIZHNI NOVGOROD - THE FIRST STEP
CHAPTER 4. EXPERIENCE AND PRACTICE

4.1 Entrepreneurship and Property

4.1.4 New Approaches to Small Business Privatisation

 

Additional possibilities

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1. Regulations on open non-commercial tenders have been adopted. The particulars of such competitions include a provision to tender commissions of the right to sell entities of "small business" privatisation to bidders who propose, during the tenders, the best terms from the viewpoint of the seller. Unlike commercial tenders, here the bidder who proposes a lower price, but also offers other terms which are more advantageous (obligations to retain the enterprise profile, maintain staffing levels, protect t he ecological environment, etc.) may be deemed the winner.

2. A decision is taken on the obligations for the oblast and municipal property committees and funds to hold closed auctions (tenders) for retail trade and public catering outlets and services, as well as for the leasing of non-residential premises, open to a restricted group of bidders. As a first step, these may include special auctions for disabled individuals. One should guarantee a low ratio of no more than two bidders per enterprise. The list of enterprises to be put up at special auctions (tenders) must be agreed upon with the organisations which represent the interests of the given social groups (for instance, a society for the blind, etc.). Their recommendations must be kept in mind.

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